The Redemption Grace Period (RGP) is a 30 day Registry-enforced holding period for a domain which is deleted by a Registrar. This will typically start around 30-45 days after a domain expires. For now, after a domain has passed the RGP, it will be deleted and available for re-registration. This is a lead-up to the Wait Listing Service (WLS) as ICANN mandated that RGP must be in place 6 months before WLS can be implemented.

From: "VeriSign Global Registry Services"
To: Registrars List
Sent: Thursday, January 16, 2003 [time]
Subject: [RegistrarsList] Restore Fee Details

To All Registrars,

This is to advise you that the Restore Fee price has been finalized for the VGRS Redemption Grace Period service, summarized below:

Fees for the redemption grace period service will be charged upon successful restoration of domain name registrations. To provide for recovery of one-time development costs while allowing a reduced price in the longer term, the fee will initially be $85, but will later be reduced to $40. Specifically, through the end of the second calendar month after the calendar month in which the cumulative total of registered domain names restored pursuant to the Redemption Grace Period policy reaches 2000, the price per successful restore command will be $85; thereafter the fee will be $40.00.

For example:

If the cumulative total of names restored for .com and .net reaches the 2000 level in October 2003, the unit price will be $85 through December 2003 and will change to $40 on January 1, 2004.

If you have any questions, please contact Customer Service.

Regards,

Manager, Customer Service
VeriSign Global Registry Services
www.verisign-grs.com